Enterprise

Why Palo Alto Networks Is Buying CloudGenix For $420 Million

By Amit Chowdhry ● Apr 1, 2020

Global cybersecurity company Palo Alto Networks announced it entered into a definitive agreement to acquire CloudGenix for $420 million.

Microsoft Launches New Microsoft 365 Personal and Family Subscriptions

By Amit Chowdhry ● Mar 31, 2020

Microsoft announced it has launched new Microsoft 365 Personal and Family subscriptions. Plus Microsoft announced dozens of new features.

JPMorgan Raising Up To $10 Billion For Alternative Investments

By Annie Baker ● Mar 30, 2020

The alternative investments unit of JPMorgan Chase & Co is reportedly planning to raise up to $10 billion over the next couple of months.

Via: $200 Million Funding, $2.25 Billion Valuation, Noam Ohana Joins Board

By Amit Chowdhry ● Mar 30, 2020

Shared ride-hailing services company Via Transportation announced it raised $200 million in Series E funding at a $2.25 billion valuation.

UBS CEO Sergio Ermotti Reportedly Donates $1 Million For Combating COVID-19

By Noah Long ● Mar 30, 2020

UBS chief executive officer Sergio Ermotti has reportedly donated 1 million Swiss francs (about $1.05 million) for combating coronavirus.

Facebook Commits $100 Million To News Outlets

By Annie Baker ● Mar 30, 2020

Facebook is committing $100 million in grant money and promised ad spending for helping news outlets dealing with financial struggles due to the COVID-19 outbreak.

Microsoft Teams Has Seen A 775% Increase In Regions With Social Distancing Enforced (Updated)

By Amit Chowdhry ● Mar 30, 2020

Microsoft is seeing a major increase in its cloud services across regions that have enforced social distancing or shelter in place orders.

Morgan Stanley: No Layoffs In 2020

By Dan Anderson ● Mar 28, 2020

Morgan Stanley’s employees do not have to worry about layoffs in 2020 due to the COVD-19 pandemic. These are the details.

Lockheed Martin Advances Over $50 Million To Suppliers

By Dan Anderson ● Mar 28, 2020

Defense company Lockheed Martin announced it was going to advance over $50 million to suppliers that were affected by the economic slowdown.

Bill Gates Responds To Questions About COVID-19

By Amit Chowdhry ● Mar 28, 2020

Microsoft co-founder and Bill & Melinda Gates Foundation Co-Chair Bill Gates recently answered questions on Reddit and CNN.

Salesforce CEO Marc Benioff Advocates Companies To Take A ‘No Layoff Pledge’

By Amit Chowdhry ● Mar 28, 2020

Salesforce CEO Marc Benioff is asking CEOs to take a 90-day “no-layoff pledge” to help employees get through the COVID-19 pandemic.

Steve Ballmer Donating $25 Million For COVID-19 Relief

By Amit Chowdhry ● Mar 27, 2020

Former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer and his wife Connie have committed $25 million for COVID-19 relief.

Google To Commit Over $800 Million For COVID-19 Relief

By Amit Chowdhry ● Mar 27, 2020

Alphabet CEO Sundar Pichai announced it is committing over $800 million for COVID-19 relief. These are the details about the commitment.

Fast: This Online Login And Checkout Company Just Raised $20 Million In Round Led By Stripe

By Amit Chowdhry ● Mar 27, 2020

Online login and checkout experience company Fast announced it raised $20 million in a Series A round of funding led by Stripe.

How Walmart Is Helping Its Suppliers And In-Store Business Partners

By Amit Chowdhry ● Mar 27, 2020

Walmart announced it is helping its suppliers and in-store business partners. This is some of the actions the retailer is taking.

How Y Combinator Is Helping Combat COVID-19

By Amit Chowdhry ● Mar 27, 2020

Startup accelerator program Y Combinator is now fast-tracking funding for companies that are focused on combating the coronavirus pandemic.

Facebook Names Former Treasury Executive Robert Kimmitt To The Board

By Amit Chowdhry ● Mar 27, 2020

Facebook announced it named former deputy Treasury Secretary Robert Kimmitt to its board as the lead independent board director.

Why Microsoft Is Buying Affirmed Networks

By Amit Chowdhry ● Mar 27, 2020

Microsoft announced it is buying Affirmed Networks — which is a company that specializes in software for mobile carriers.

Origami Capital Announces Final Closing Of Fund IV With $520 Million In Capital Commitments

By Amit Chowdhry ● Mar 26, 2020

Origami Capital Partners announced the final closing of Fund IV with $520 million in capital commitments.

Financial Tech Platform iCapital Network Raises $146 Million

By Annie Baker ● Mar 26, 2020

Financial technology platform iCapital Network announced it closed a $146 million capital raise for fueling its future growth

Enterprise Service Management Company Espressive Closes $30 Million

By Dan Anderson ● Mar 26, 2020

Espressive, a pioneer in AI for enterprise service management (ESM), announced it raised $30 million in Series B funding led by Insight Partners.

Plastiq: $75 Million In Funding And Karen Page Joins Board

By Annie Baker ● Mar 26, 2020

Intelligent payment solution Plastiq announced it closed $75 million in Series D funding led by B Capital Group.

Fort Ross Ventures: $235 Million Second Fund And Sharin Fisher Named Partner

By Annie Baker ● Mar 26, 2020

Venture capital firm Fort Ross Ventures announced it closed Fund II at $235 million and named Sharin Fisher as partner.

Mayfield Closes On $750 Million For 2 New VC Funds

By Amit Chowdhry ● Mar 26, 2020

Venture capital firm Mayfield announced that it has closed on $750 million in new capital across two funds. These are the details.

Ray Dalio Launches Weekly Newsletter On LinkedIn Called ‘The Changing World Order’

By Amit Chowdhry ● Mar 26, 2020

Bridgewater Associates, L.P. Co-Chief Investment Officer & Co-Chairman Ray Dalio recently launched a new weekly newsletter on LinkedIn called “The Changing World Order.”

OfferUp Raises $120 Million And Buys letgo

By Amit Chowdhry ● Mar 26, 2020

OfferUp and letgo, two of the largest platforms for buying and selling locally, announced they are combining their U.S. businesses.

Groupon Shifts Around Executive Team, Aaron Cooper Now Interim CEO

By Amit Chowdhry ● Mar 26, 2020

Groupon CEO Rich Williams is no longer head of the company. This change comes about a month after the company reported its fourth quarter.

Log Management Platform Humio Raises $20 Million Led By Dell

By Amit Chowdhry ● Mar 26, 2020

Log management platform Humio announced it raised $20 million in Series B funding led by Dell Technologies Capital.

General Motors To Tap Into $16 Billion From Credit Lines

By Amit Chowdhry ● Mar 26, 2020

General Motors announced recently that it is going to draw about $16 billion from credit lines in order to increase its liquidity during the COVID-19 pandemic.

Flipkart Is Resuming Sales Of Essential Products

By Dan Anderson ● Mar 25, 2020

Walmart subsidiary Flipkart is now resuming e-commerce services for essential products following federal and state government assurances on the safety of delivery staff.